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  • Energy and Water Development Appropriations Bill
    Posted in Appropriations Updates on June 6, 2012 | Preview rr
    Tags: Appropriations, Energy

    The House Energy and Water Development appropriations bill provides $32.09 billion in discretionary budget authority, $87.5 million, or 0.3 percent, above the enacted FY 2012 levels and $965 million below the president's request, a 2.9 percent decrease. The bill includes $26.1 billion for the Department of Energy, $4.8 billion for the Army Corps of Engineers and $948 million for the Department of the Interior (primarily for the Bureau of Reclamation with the rest of Interior funded through othe... Read more

  • House Budget Committee Hearing: The Congressional Budget Office’s Long-Term Budget Outlook
    Posted in Speeches and Statements on June 6, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Welcome all to the House Budget Committee. The purpose of this hearing is to review the Long-Term Budget Outlook, and unpack the fiscal and economic challenges facing our nation. We are joined today by Doug Elmendorf, Director of the Congressional Budget Office. I want to thank you for testifying today, Doug – and the work of your team in putting together this report. The report is sobering and the warnings are dire. You write, quote: “Growing debt would increase the probability of a sudden fisc... Read more

  • CBO Report: Danger Ahead Unless America Charts New Course
    Posted in Press Releases on June 5, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON – Earlier today, the Congressional Budget Office (CBO) issued the latest update of The Long-Term Budget Outlook. This report outlines a bleak fiscal and economic future, and underscores the painful consequences for American families should policymakers fail to advance fiscally responsible reforms. In response to yet another dire warning from CBO, House Budget Committee Chairman Paul Ryan issued the following statement: “On the heels of last week’s dismal jobs report, today’s CBO repor... Read more

  • House Budget Committee Hearing: Removing the Barriers to Free Enterprise and Economic Growth
    Posted in Speeches and Statements on June 1, 2012 | Preview rr

    Chairman Paul Ryan – Opening Remarks, As Prepared for Delivery Welcome all to the House Budget Committee for this hearing on one of the key threats posed to our free enterprise system: the growing cronyism in Washington and government-imposed barriers to upward mobility. While we’re dealing with tough economic times, Americans still live in the most prosperous and dynamic country in the world. Our free enterprise system has lifted millions from the grips of poverty – a record of success that is ... Read more

  • Paul Ryan on the Need to Combat Cronyism and Promote Upward Mobility
    Posted in In Case You Missed It on June 1, 2012 | Preview rr
    Tags: Economy / Financial

    Following another dismal jobs report, the House Budget Committee held a hearing this morning on cronyism and the government-imposed barriers to economic growth and upward mobility. Throughout this morning’s hearing, Chairman Paul Ryan of Wisconsin, former Governor Jeb Bush of Florida, and members of the committee made the case for equal opportunity and a level playing field so Americans can prosper. Highlights from House Budget Committee Chairman Paul Ryan: RYAN ON THE PRESIDENT’S ECONOMIC AGEND... Read more

  • House Budget Committee Hearing: The Broken Budget Process: Legislative Proposals
    Posted in Speeches and Statements on May 31, 2012 | Preview rr
    Tags: Economy / Financial , Budget Process Reform

    Welcome all to the House Budget Committee. The purpose of today’s hearing is to examine the need to restore responsibility and accountability to how Washington spends taxpayers’ hard-earned dollars. The breakdown of responsible budgeting is clear: out-of-control government spending; four consecutive trillion-dollar deficits; and a crushing burden of debt in the years ahead. Both political parties share in the blame for our fiscal mess. I believe it will require both political parties to work tog... Read more

  • Chairmen Hensarling and Ryan: Troops and Taxpayers Deserve Answers from White House
    Posted in Press Releases on May 31, 2012 | Preview rr

    House Republican Conference Chairman Jeb Hensarling (R-TX) and House Budget Committee Chairman Paul Ryan (R-WI) today introduced the Sequestration Transparency Act, a bill to require President Obama to submit a report to Congress detailing how his administration plans to implement the budget sequestration cuts required to take place in January 2013 under current law. “This month, House Republicans passed a plan to replace the dangerous and arbitrary defense cuts called for under sequestration wi... Read more

  • Military Construction and Veterans Affairs Appropriations Bill
    Posted in Appropriations Updates on May 31, 2012 | Preview rr
    Tags: Appropriations

    The House Military Construction and Veterans Affairs appropriations bill provides $71.7 billion in discretionary budget authority which is the same amount of funding provided in FY 2012 and is slightly below the President’s FY 2013 request and Senate reported levels. The bill includes $10.6 billion for military construction projects, an 18.3% decrease over FY 2012 levels, and $60.7 billion in discretionary funding for the Department of Veterans Affairs which is a 3.9% increase over currently ena... Read more

  • Chairman Ryan on the Clarifying Choice Offered by U.S. Senate’s Budget Failures
    Posted in Press Releases on May 16, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Washington – On the 1,113th day since Senate Democrats last passed a budget, the U.S. Senate considered a series of budget resolutions, none authored or supported by a single Senate Democrat. The national debt has eclipsed the size of the entire U.S. economy, yet the Democrat-controlled Senate has failed to pass a budget for over three years. They chose again this year not to even propose a budget. While a series of Republican budget proposals received support today, the President’s Fiscal Year ... Read more

  • Ryan on Passage of Responsible Deficit Reduction Package
    Posted in Press Releases on May 10, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial , Defense, Budget Process Reform, Reconciliation

    WASHINGTON – Earlier today, the U.S. House of Representatives passed H.R. 5652, the Sequester Replacement Reconciliation Act of 2012, a package of reforms aimed to avert across-the-board cuts to our armed forces and key priorities, reduce the deficit, and foster a better environment for job creation. Replacing the “sequester” with sensible reductions in indefensible government spending would result in net deficit reduction of $242.8 billion according to the Congressional Budget Office. Earlier t... Read more